Steyr Motors AG Expands Management Board with Appointment of Bjorn Krausmann as CFO

Steyr Motors AG, a global leader in customized engines for mission-critical defense and civil applications, announced today the expansion of its Management Board to two members with the appointment of Bjorn Krausmann as Chief Financial Officer (CFO), effective June 1, 2026. The decision, made by the Supervisory Board, marks a strategic step in the company's organizational development and reflects its increasing internationalization.

Bjorn Krausmann brings extensive experience in senior financial roles, corporate development, transformation, and M&A. Most recently, he held a leadership position at the Pfleiderer Group. In his new role, Krausmann will oversee finance, human resources, and IT, working alongside CEO Julian Cassutti to drive the company's growth strategy.

Dr. Rolf Wirtz, Chairman of the Supervisory Board, welcomed the appointment, stating, 'We are pleased to have gained an experienced CFO in Bjorn Krausmann, who will contribute his extensive experience specifically to the further development and expansion of Steyr Motors AG. With the expansion of the Management Board – which has been planned for some time and systematically implemented – we are also laying the groundwork for successfully shaping the next development phase of our Company.'

CEO Julian Cassutti added, 'With Bjorn Krausmann, we are gaining a proven financial expert with extensive experience in the capital markets, M&A, and international growth financing. I am very much looking forward to the addition to the Management Board. His expertise will play a key role in strategically and financially supporting Steyr Motors’ next phase of growth. Together, we aim to further expand our position in attractive future markets and increase sustainable value for our shareholders.'

Steyr Motors AG, headquartered in Steyr, Austria, is renowned for developing and producing high-performance customized special engines with high power density and durability. Its engines are primarily used in military special vehicles, boats (both military and civilian), and as auxiliary power units (APUs) for main battle tanks and locomotives. The company's growth strategy focuses on expanding into new markets and enhancing shareholder value.

For further information, visit www.steyr-motors.com or the official press release on www.newmediawire.com.